Ad Canaan, a Chinese manufacturer of application-specific integrated circuit (ASIC) mining machines for Bitcoin, reported an 82% drop in revenue in Q4 2022, according to a filing with the United State...
Tag: quarterly
Billionaire Forrest Li’s Wealth Jumps $919 Million Overnight As Sea Posts First-Ever Quarterly Profit
Forrest Li, chairman and group chief executive officer of Sea Ltd., poses for a photograph in … [+] Singapore on Wednesday, July 8, 2020. Demand for Sea’s mobile games and online-shopping ...
First Quarterly Profit Ever Sends Tech Stock Surging
Sea Ltd (NYSE:SE) is surging today, last seen up 22.3% at $80.73, after the tech name reported its first quarterly profit, which came in at $ $1.29 cents per share — beating Wall Street’s ...
Coupang’s Slowing Sales Growth Mars Second Quarterly Profit
(Bloomberg) — Coupang Inc., the South Korean e-commerce giant backed by SoftBank Group Corp., reported lower sales than analysts estimated, marring another profitable quarter for the company. Mo...
Tycoon Tony Fernandes’ Capital A Posts First Quarterly Profit Since The Pandemic Amid Travel Rebound
Capital A CEO Tony Fernandes Courtesy of AirAsia Capital A—controlled by Malaysian tycoons Tony Fernandes and Kamarudin Meranun—reported its first quarterly profit since the pandemic grounded most of ...
Costco’s Quarterly Results Likely to Reinforce Retail’s Uncertainty
Key Takeaways Costco’s net income likely increased 10% on a year-over-year basis. However, the company’s expected to report comparable sales growth declined for the seventh straight quarte...
Will ChargePoint Holdings see rebound after Quarterly Earnings?
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Carvana Shares Plunge on Quarterly Loss, Analyst Warnings
(Bloomberg) — The walls are closing in on online used-car dealer Carvana Co., whose disappointing quarterly results sent the stock into freefall Friday and triggered a string of warnings from an...
Coinbase’s Quarterly Net Revenue Surpasses Analyst Predictions
Coinbase’s quarterly net revenue exceeded analyst estimates, reaching $605 million, up 5% from the last quarter. Despite the positive revenue performance, Coinbase’s quarterly transaction volume decre...
HIVE Earnings Report is out: Quarterly Revenue is $14.3 Million
The publicly traded crypto miner Hive Blockchain (HIVE) announced its quarterly revenue earnings was $14.3 million on Tuesday. According to the report, due to the loss of Ethereum earnings from the Me...
Alibaba May Report Slowest-Ever Quarterly Revenue Growth
Key Takeaways Chinese e-commerce giant Alibaba will likely report a slight decrease in adjusted earnings per share to 16.55 yuan from 16.87 yuan for the quarter ending in December. Revenue is expected...
Will ENS’ focus on governance be enough to improve quarterly results?
ENS outranks major cryptocurrencies in terms of governance. Whale interest remains high despite the declining token activity. According to recent data, the Ethereum Name Service (ENS) outperformed oth...
Masayoshi Son’s SoftBank Vision Fund Posts $5.5 Billion Quarterly Loss, Pulls Back On Startup Investments
SoftBank Group Corp Chairman and CEO Masayoshi Son. Alessandro Di Ciommo/NurPhoto via Getty Images Japanese billionaire Masayoshi Son’s SoftBank Group reported earnings for the December quarter this w...
VRTX Stock: Guidance Upbeat After Quarterly Profit Beat, Sales In Line
Vertex Pharmaceuticals (VRTX) offered an upbeat outlook Tuesday for its bread-and-butter cystic fibrosis medicines, but VRTX stock fell on sales that just met forecasts. X During the December quarter,...
North Face parent blows past Wall Street quarterly expectations, cuts dividend
Shares of VF Corp. rallied more than 6% in the extended session Tuesday after the maker of The North Face jackets and Jansport backpacks, among other outdoor apparel, reported third-quarter results th...
MicroStrategy Records 8th Consecutive Quarterly Loss After $198M BTC Impairment Charge
American business intelligence company MicroStrategy has recorded another quarterly loss after calculating the value of its Bitcoin portfolio. According to a Bloomberg report, MicroStrategy recorded a...
Largest Bitcoin Corporate Holder With 132,500 BTC Posts Quarterly Loss, Here’s How Much
Tomiwabold Olajide MicroStrategy recently announced its fourth quarter 2022 financial results The largest public Bitcoin holder, MicroStrategy, reported its eighth straight quarterly loss, owing to be...
Peloton Turnaround Gains Some Steam Despite Eighth Straight Quarterly Loss
Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Key Takeaways Peloton has beaten Q4 revenue forecasts, but still notched their 8th consecutive quarterly loss Despite the ...
Ripple’s Quarterly Report Shows XRPL Processed Over 106M Transactions in Q4 2022
Despite a massive decline in trading volume across the entire crypto industry in Q4 2022, XRP Ledger (XRPL) on-chain activities soared tremendously. The Silicon Valley blockchain company noted that X...
Ripple Sold $226M Worth of XRP in Q4 2022, Latest Quarterly Report Reveals
Ripple bought back more XRP in Q4 2022 than in Q3 leading to reduced XRP sales net of purchases. Ripple’s On-Demand Liquidity (ODL) XRP sales net of purchases in Q4 2022 totaled about $226.31 million....
Dogecoin (DOGE) Rally Ready Ahead Of Tesla Quarterly Earnings?
Dogecoin (DOGE) News: Dogecoin whales are accumulating the memecoin as it takes a trajectory of fluctuation ahead of the Tesla Q4 earnings release. It may be recalled that during the second quarter ea...
Tesla Posts Best-Ever Quarterly Revenue And Profit
Topline Tesla beat analyst expectations in its fourth-quarter earnings report Wednesday though expenses soared, as the electric vehicle giant led by the nation’s wealthiest man Elon Musk grapple...
IBM Stock: Tech Giant Beats Quarterly Estimates As Consulting Biz Leads Growth
IBM stock sank late Wednesday, though the technology mainstay beat Wall Street’s fourth-quarter expectations. X During the December period, IBM (IBM) earned $3.60 per share, minus some items, on...
DCG Suspends Quarterly Dividends Amidst Genesis Crisis: Report
Barry Silbert’s crypto conglomerate, Digital Currency Group (DCG), revealed halting quarterly dividends until further notice. In an email to shareholders, as viewed by Bloomberg, the crypto investment...
Silvergate Stock Surges 20% Despite $1B Quarterly Earnings Loss
Silvergate lost $1 billion during the fourth quarter — enduring significant outflows of deposits as the industry spiraled from several high-profile bankruptcies. The loss came as the crypto indu...
Crypto Conglomerate DCG Halts Quarterly Dividend Payments
Cryptocurrency giant, Digital Currency Group (DCG) has halted its quarterly dividend payments in an effort to conserve cash and improve its balance sheet. DCG, parent company to the struggling cryptoc...
Top 4 US banks reporting quarterly earnings this week
The 2023 earnings season starts with four major US banks reporting quarterly earnings this week. In light of the Federal Reserve’s tightening of financial conditions, it is interesting to see the impa...
Will Pfizer Share Price (NYSE: PFE) Sustain above $50? – Quarterly Growth Shines by 15%
Pfizer Share price has showcased some promising trading factors as it crossed 16% growth rate during this quarter. Pfizer Inc. (NYSE: PFE) is up 41% in the last five years, also slightly above the mar...
AMC stock soars more than 13% a day before quarterly results
Shares of AMC Entertainment Inc. AMC, +22.74% surged 13.6% toward a 12-week high in afternoon trading Monday, a day before the movie theater operator is scheduled to report fourth-quarter results. Wed...